Saturday, December 18, 2010

"to circumnavigate the globe"

Singer Pat Boone has purchased a second home on the residential ocean liner the Utopia.

Expected to launch in 2013, the ship will circumnavigate the globe and stop at locales with sporting and cultural events such as the Cannes Film Festival in France, the Formula 1 Monaco Grand Prix and the Melbourne Cup horse race in Australia.

"Everyone in my family is thrilled about having future family reunions on the Utopia and traveling the world without leaving our home on the sea," said Boone, a Beverly Hills resident.

The 199 residences range from 1,453 to 6,100 square feet and are priced from $3.9 million to $25 million. The listing price for a unit similar to the one Boone purchased is $4 million. The exact purchase price was not available.

Buyers purchase a 70-year right to use the residence much like a land lease. Fees are about 4.5% of purchase price annually.

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